Government raises Rs 30000 crore via disinvestment proceeds
NEW DELHI: The government has raised around Rs 30,000 crore from disinvestment proceeds, said department of investment and public asset management (DIPAM) secretary, Neeraj Gupta. This is the highest amount grossed through the stake sale programme.
In this fiscal, the government has budgeted around Rs 56,500 crore from disinvestment proceeds, of which Rs 20,500 crore was to come through strategic sales. The government will also divest its 10% stake in Moil Ltd. on Tuesday where it currently holds 75.58% stake.
“We will do our best to achieve the disinvestment target,” said Gupta adding that he is hopeful of getting a good response from Moil Ltd. stake sale. Moil’s scrip closed at Shares of MOIL closed at Rs 382.70, up by 0.90% on a day when Sensex gained 0.31%. Economictimes